Solana's SOL Price Could Reach $420 by 2025, Says Crypto Expert

Chris Burniske, a partner at a crypto venture capital firm and former crypto lead at an investment management firm, has projected that the price of Solana’s SOL could reach $420 by the end of 2025. This projection is based on the potential for Bitcoin to hit a record high later in the year. Burniske's outlook is contingent on the SOL/BTC ratio returning to its cycle high, which would place SOL at approximately $420 if Bitcoin tops at $142,069.

The SOL/BTC ratio, which tracks the relative price performance of SOL compared to BTC, surged by 330% between late 2023 and early 2024 before easing from April 2024. This surge indicated that SOL outperformed BTC by 330% during that period, reaching a cycle high of 0.003. However, the ratio has since fallen by 52% from its peak, highlighting BTC’s relative strength from the second quarter of 2024. Some analysts interpret this as capital rotation between SOL and BTC, suggesting that a new high for BTC could lead investors to rotate profits from the largest digital asset to SOL.

From an on-chain perspective, SOL’s price has been closely linked to its memecoin sector traction. The slump in the meme craze in the first quarter of 2025 dragged the altcoin below $100 for the first time since February 2024. However, analysts from a prominent investment management firm stated that Solana has proven its unmatched ability to process large volumes of decentralized trading, positioning it as the most likely home for the next breakout trading application. This suggests that the next crypto narrative, similar to last year’s AI agent craze, could occur within the Solana ecosystem and boost its price.

Corporate inflows, particularly firms seeking a Strategy-like upside through SOL, could fuel the altcoin’s upside. SOL Strategies has led the pack, but more aggressive firms are entering the market. Notably, a decentralized finance development corporation recently acquired a validator venture with 500,000 staked SOL, worth $72.5 million, for corporate treasury purposes.

Despite the optimistic outlook from some analysts, the prediction site priced less than a 30% chance of SOL hitting a record high before 2026. This indicates that retailers are not as optimistic as Burniske regarding the altcoin’s prospects. On the 12-hour price chart, SOL tapped the 50-EMA (Exponential Moving Average). If the support cracks, it could dip to the buy zone of $100-$120.